Following MP Stella Creasy's parliamentary question last week on the possibility of a better deal on paying off PFI debt, below is the text of her article from last November in the Huffington Post. At a campaigners' workshop session yesterday in Walthamstow management of PFI debt was one of three key healthcare issues, and a number of initiatives were proposed for work over the coming weeks. The scale of debt faced by Bart's Health, which includes Whipps Cross hospital, makes this of particular local relevance. For more information on these initiatives email: email@example.com
Tackling PFI - A Public Spending Cut We Could All Get Behind
"With the spending review looming there is one budget cut we should all get behind. Britain is paying out £10billion a year on PFI loans taken out to build schools and hospitals. With so many public institutions in financial difficulty, tomorrow Labour needs to offer both an expose of Osbourne's fiscal callousness and credible and radical alternatives for securing value for money for the British public. Renegotiating repayment of these debts could not only save money - it could also be an opportunity to protect public services from privatisation. Just as we took on the payday lending companies, so now Labour should lead the fight against those bleeding our public sector dry.